Amended return

[lepxnoone]

We filed our taxes for 2020 in February and had to pay into federal taxes. Since then the healthcare credit was changed and I am unable to get to a screen to file an amended return.

When I opened the software, it updated and showed we are due a refund of $186.00 from federal. Then I went to the amended form and  corrected the healthcare credit and it shows there is no refund due. Since we paid in over $800.00, our total refund should be over $900.00.

Please advise how to file an amended return.

[HelenC12 · Accepted solution]

You don't have to file amended tax return. Per IRS: 

• Taxpayers who have already filed their 2020 tax return and who have excess APTC for 2020 do not need to file an amended tax return or contact the IRS.
• The IRS will reduce the excess APTC repayment amount to zero with no further action needed by the taxpayer.
• The IRS will reimburse people who have already repaid any excess advance Premium Tax Credit on their 2020 tax return.
• Taxpayers who received a letter about a missing Form 8962 should disregard the letter if they have excess APTC for 2020.
• The IRS will process tax returns without Form 8962 for tax year 2020 by reducing the excess advance premium tax credit repayment amount to zero.

[lepxnoone]

Thank you!

[lepxnoone]

Thanks!